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Joint Stock Co Kaspi.kz

KSPI
Exchange
Nasdaq
Industry
Services-Business Services, NEC
SEC CIK
0001985487

No open-market purchases or sales by Joint Stock Co Kaspi.kz insiders were filed in the last 90 days; 205 institutions reported holding it in 13F filings for Q2 2026, worth $7.25B in total; 4 superinvestors hold it, including Southeastern Asset Management (Longleaf) and Fairfax Financial.

13F holders, Q3 2025

Institutional positions in Joint Stock Co Kaspi.kz as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
185
+24 vs. Q2 2025
Shares held
74.0M
−1.05M (−1.4%) vs. Q2 2025
Total value
$6.05B
−$327.5M (−5.1%) vs. Q2 2025
New holders
44
74 more added
Sold out
20
50 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting KSPI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 185 institutions
Q1 2021: 2 institutionsQ2 2021: 2 institutionsQ3 2021: 2 institutionsQ4 2021: 2 institutionsQ1 2022: 2 institutionsQ2 2022: 2 institutionsQ3 2022: 2 institutionsQ4 2022: 2 institutionsQ1 2023: 2 institutionsQ2 2023: 2 institutionsQ3 2023: 1 institutionQ4 2023: 1 institutionQ1 2024: 126 institutionsQ2 2024: 154 institutionsQ3 2024: 170 institutionsQ4 2024: 175 institutionsQ1 2025: 192 institutionsQ2 2025: 162 institutionsQ3 2025: 185 institutionsQ4 2025: 175 institutionsQ1 2026: 167 institutionsQ2 2026: 205 institutions
Value heldQ3 2025: $6.05B
Q1 2021: $16.0MQ2 2021: $37.1MQ3 2021: $34.3MQ4 2021: $40.5MQ1 2022: $17.0MQ2 2022: $16.5MQ3 2022: $22.4MQ4 2022: $19.0MQ1 2023: $31.3MQ2 2023: $33.9MQ3 2023: $16.9MQ4 2023: $15.8MQ1 2024: $5.02BQ2 2024: $5.55BQ3 2024: $4.52BQ4 2024: $8.47BQ1 2025: $8.25BQ2 2025: $6.38BQ3 2025: $6.05BQ4 2025: $6.67BQ1 2026: $6.27BQ2 2026: $7.25B
Institutions holding KSPI and their total value by quarter
QuarterHoldersValue
Q2 2026205$7.25B
Q1 2026167$6.27B
Q4 2025175$6.67B
Q3 2025185$6.05B
Q2 2025162$6.38B
Q1 2025192$8.25B
Q4 2024175$8.47B
Q3 2024170$4.52B
Q2 2024154$5.55B
Q1 2024126$5.02B
Q4 20231$15.8M
Q3 20231$16.9M
Q2 20232$33.9M
Q1 20232$31.3M
Q4 20222$19.0M
Q3 20222$22.4M
Q2 20222$16.5M
Q1 20222$17.0M
Q4 20212$40.5M
Q3 20212$34.3M
Q2 20212$37.1M
Q1 20212$16.0M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q2 2025.

Institutions holding KSPI in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
UBS Group AG22,517$1.84M0.00%+3,507+18.4%Added
Capital International Investors21,812$1.78M0.00%+21,812New
Flossbach Von Storch AG21,500$1.76M0.01%00.0%Unchanged
Acadian Asset Management LLC20,376$1.66M0.00%−2,843−12.2%Reduced
Federation des caisses Desjardins du Quebec17,942$1.47M0.01%+4,788+36.4%Added
Cubist Systematic Strategies, LLC17,912$1.46M0.02%+17,912New
Dodge & Cox17,826$1.46M0.00%+10,000+127.8%Added
Capricorn Fund Managers Ltd17,000$1.39M0.47%00.0%Unchanged
UBS Asset Management Americas Inc16,456$1.34M0.00%+16,456New
Boothbay Fund Management, LLC15,401$1.26M0.03%+15,401New
Driehaus Capital Management LLC15,190$1.24M0.01%+15,190New
GAM Holding AG15,000$1.23M0.08%+15,000New
Hyperion Capital Advisors LP14,560$1.19M0.64%+3,400+30.5%Added
State Street Corp14,183$1.16M0.00%−210−1.5%Reduced
Aquatic Capital Management LLC14,108$1.15M0.02%+14,108New
Susquehanna International Group, LLP13,871$1.13M0.00%+13,871New
Kerrisdale Advisers, LLC13,665$1.12M0.58%+2,615+23.7%Added
Y-Intercept (Hong Kong) Ltd12,556$1.03M0.02%+9,384+295.8%Added
Wealth Enhancement Advisory Services, LLC13,245$1.02M0.00%+7,970+151.1%Added
Ariel Investments, LLC12,263$1.00M0.01%+1,254+11.4%Added
Cantor Fitzgerald, L. P.12,213$997.6K0.02%+8,213+205.3%Added
FourWorld Capital Management LLC10,000$816.8K1.98%00.0%Unchanged
Antipodes Partners Ltd9,926$810.8K0.02%+9,926New
Gordian Capital Singapore Pte Ltd9,000$735.1K0.99%00.0%Unchanged
Quadrature Capital Ltd8,964$732.2K0.01%+697+8.4%Added
Steamboat Capital Partners, LLC8,488$693.3K0.18%−472−5.3%Reduced
Headlands Technologies LLC8,393$685.5K0.05%+8,393New
Dynamic Technology Lab Private Ltd8,260$675.0K0.11%+8,260New
Royal Bank of Canada8,004$654.0K0.00%+7,040+730.3%Added
HRT Financial LP7,619$622.0K0.00%+7,619New
E. Ohman J:or Asset Management AB7,513$613.7K0.01%+610+8.8%Added
LSV Asset Management7,500$613.0K0.00%+2,500+50.0%Added
First Trust Advisors LP7,495$612.2K0.00%+3,548+89.9%Added
Eschler Asset Management LLP7,400$604.4K0.45%00.0%Unchanged
Mariner, LLC7,290$595.5K0.00%−467−6.0%Reduced
Wolverine Trading, LLC7,219$590.7K0.01%+7,219New
Lansforsakringar Fondforvaltning AB (publ)6,992$571.1K0.00%+6,992New
Citadel Advisors LLC6,879$561.9K0.00%−21,019−75.3%Reduced
Federated Hermes, Inc.6,345$518.3K0.00%00.0%Unchanged
Corsair Capital Management, L.P.6,000$490.1K0.09%+6,000New
Commerce Bank5,677$463.7K0.00%00.0%Unchanged
CI Private Wealth, LLC5,652$461.6K0.00%+5,652New
Global Endowment Management, LP5,330$435.4K0.05%+1,538+40.6%Added
Point72 Hong Kong Ltd4,800$392.1K0.02%+4,800New
Cullen Capital Management LLC4,641$379.1K0.00%−27,205−85.4%Reduced
Yorktown Management & Research Co Inc4,550$371.6K0.30%+4,550New
Ingalls & Snyder LLC4,164$340.0K0.01%00.0%Unchanged
Neuberger Berman Group LLC4,131$337.4K0.00%+252+6.5%Added
Squarepoint Ops LLC4,047$330.6K0.00%+4,047New
Ruane, Cunniff & Goldfarb L.P.3,712$303.2K0.01%+3,712New
Advisory Services Network, LLC3,285$268.3K0.00%−377−10.3%Reduced
Pitcairn Co3,272$267.3K0.02%−1,322−28.8%Reduced
LPL Financial LLC2,985$243.8K0.00%+2,985New
Matthews International Capital Management LLC2,834$231.5K0.05%−22,107−88.6%Reduced
Aigen Investment Management, LP2,730$223.0K0.03%−1,044−27.7%Reduced
R Squared Ltd2,668$217.9K0.09%+2,668New
Envestnet Asset Management Inc2,596$212.0K0.00%+2,596New
Simplex Trading, LLC2,427$198.0K0.00%+1,428+142.9%Added
Sandia Investment Management LP2,175$177.7K0.53%+2,175New
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.2,022$165.2K0.00%+69+3.5%Added
Toronto Dominion Bank1,972$161.1K0.00%00.0%Unchanged
Natixis1,838$150.3K0.00%00.0%Unchanged
Asset Management One Co.,Ltd.1,436$117.3K0.00%+52+3.8%Added
State of Wyoming1,064$86.8K0.01%+384+56.5%Added
Citigroup Inc1,056$86.3K0.00%+141+15.4%Added
Mirae Asset Global Investments Co., Ltd.874$71.4K0.00%+874New
Barclays PLC800$65.3K0.00%+800New
Hantz Financial Services, Inc.794$65.0K0.00%+524+194.1%Added
Caitong International Asset Management Co., Ltd414$33.8K0.02%+246+146.4%Added
Kayne Anderson Rudnick Investment Management LLC302$24.7K0.00%+302New
Umb Bank N A270$22.1K0.00%+19+7.6%Added
Wells Fargo & Company184$15.1K0.00%+25+15.7%Added
Advisor Group Holdings, Inc.143$11.8K0.00%+22+18.2%Added
The PNC Financial Services Group, Inc.121$9.88K0.00%+121New
Tower Research Capital LLC (TRC)101$8.25K0.00%−99−49.5%Reduced
Jones Financial Companies LLLP75$6.30K0.00%−40−34.8%Reduced
National Bank of Canada68$5.55K0.00%+68New
EverSource Wealth Advisors, LLC43$3.51K0.00%−55−56.1%Reduced
Rockefeller Capital Management L.P.27$2.23K0.00%+27New
Crewe Advisors LLC25$2.04K0.00%+25New
Global Retirement Partners, LLC22$1.80K0.00%+22New
Private Trust Co NA18$1.47K0.00%+18New
NBC Securities, Inc.6$4900.00%+6New
Larson Financial Group LLC5$4080.00%−19−79.2%Reduced
GAMMA Investing LLC3$2450.00%−1−25.0%Reduced
Park West Asset Management LLC0$00.00%−290,028−100.0%Sold out
Capital International Inc0$00.00%−143,124−100.0%Sold out
Comgest Global Investors S.A.S.0$00.00%−128,126−100.0%Sold out
SG Americas Securities, LLC0$00.00%−28,637−100.0%Sold out
Amitell Capital Pte Ltd0$00.00%−27,443−100.0%Sold out
Deutsche Bank AG0$00.00%−11,500−100.0%Sold out
M&T Bank Corp0$00.00%−9,812−100.0%Sold out
Capital International Sarl0$00.00%−8,601−100.0%Sold out
Aviva PLC0$00.00%−8,385−100.0%Sold out
Group One Trading, L.P.0$00.00%−5,924−100.0%Sold out
Altshuler Shaham Ltd0$00.00%−3,000−100.0%Sold out
Daiwa Securities Group Inc.0$00.00%−2,774−100.0%Sold out
Skopos Labs, Inc.0$00.00%−1,075−100.0%Sold out
Ridgewood Investments LLC0$00.00%−1,000−100.0%Sold out
Nomura Asset Management Co Ltd0$00.00%−868−100.0%Sold out